NORTH QUAY APARTMENTS LIMITED
💤Zombieactive
06618255 · ltd · incorporated 2008-06-12
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
What this business does
Primary activity: Renting and operating of Housing Association real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 65/100 (strong), bankability 42/100. Strong seller-intent signal (75/100, director aged 67). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
24 live charges · 4 lenders · oldest 17.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
24 charges (24/24 with lender, 24/24 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
50
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
51
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 accounts
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (74 events)Click to expand
- 2026-01-04📄accounts-with-accounts-type-smallaccounts · AA
- 2025-12-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-08➖CUNNINGHAM, Sinead Louise resigneddirector
- 2025-03-27📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2025-01-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-19⚠️liquidation-receiver-cease-to-act-receiverinsolvency · RM02
- 2024-10-19⚠️liquidation-receiver-cease-to-act-receiverinsolvency · RM02
- 2024-08-21📄accounts-with-accounts-type-smallaccounts · AA
- 2024-03-14⚠️liquidation-receiver-appointment-of-receiverinsolvency · RM01
- 2024-03-14⚠️liquidation-receiver-appointment-of-receiverinsolvency · RM01
- 2023-12-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-29🔒Charge registered #24Lender: Ymca St Paul's Group (Development) LTD
- 2023-11-29🔒Charge registered #23Lender: Ymca St Paul's Group (Development) LTD
- 2023-02-15📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-15📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-02-02📄accounts-with-accounts-type-smallaccounts · AA
- 2022-05-10📄accounts-with-accounts-type-smallaccounts · AA
- 2022-01-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-01-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-31➖CUNNINGHAM, Bernadette Marie resigneddirector
- 2021-12-31➕CUNNINGHAM, Sinead Louise appointeddirector
- 2021-02-15📄accounts-with-accounts-type-smallaccounts · AA
- 2019-02-08🔒Charge registered #22Lender: Shawbrook Bank Limited
- 2016-02-13🔓Charge satisfied #21
- 2016-02-13🔓Charge satisfied #20
- 2016-02-13🔓Charge satisfied #19
- 2016-02-13🔓Charge satisfied #18
- 2016-02-13🔓Charge satisfied #17
- 2016-02-13🔓Charge satisfied #16
- 2016-02-13🔓Charge satisfied #15
- 2016-02-13🔓Charge satisfied #14
- 2016-02-13🔓Charge satisfied #13
- 2016-02-13🔓Charge satisfied #12
- 2016-02-13🔓Charge satisfied #11
- 2016-02-13🔓Charge satisfied #10
- 2016-02-13🔓Charge satisfied #9
- 2016-02-13🔓Charge satisfied #8
- 2016-02-13🔓Charge satisfied #7
- 2016-02-13🔓Charge satisfied #6
- 2016-02-13🔓Charge satisfied #5
- 2016-02-13🔓Charge satisfied #4
- 2016-02-13🔓Charge satisfied #3
- 2016-02-13🔓Charge satisfied #2
- 2016-02-13🔓Charge satisfied #1
- 2013-07-10➖CUNNINGHAM, Denis resigneddirector
- 2010-02-16➕CUNNINGHAM, Denis appointeddirector
- 2008-10-30🔒Charge registered #21Lender: Dunbar Bank PLC
- 2008-10-30🔒Charge registered #20Lender: Dunbar Bank PLC
- 2008-10-30🔒Charge registered #19Lender: Dunbar Bank PLC (The Bank)
Showing most recent 50 of 74 events
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
88/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 2 med ·4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-10-19: liquidation-receiver-cease-to-act-receiver; 2024-10-19: liquidation-receiver-cease-to-act-receiver
Has insolvency history
mediumCompanies House flags prior insolvency events. Review the insolvency filings for context.
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gerard Cunningham Individual · Irish · DOB 01/1959 · age 67 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Property · E postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1ST QUALITY GROUP LIMITED→ 10851721 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 2 M PROPERTY'S LTD→ 09987394 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 2 TRAFALGAR MEWS LTD→ 11868984 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 21BG LTD→ 14907760 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 220A BCL LTD→ 16316054 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 23 ROCHESTER ROAD LIMITED→ 09343061 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 23 SIMONDS ROAD FREEHOLD LIMITED→ 14209804 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 24 FIX GROUP LTD→ 16518718 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 241 CHESTER ESTATES LTD→ 16602607 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 26 ESTATES LIMITED→ 09252112 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 266A PORTLAND LTD→ 16203833 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 27 FIRSBY LIMITED→ 14277180 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated2008-06-12
Jurisdictionengland-wales
Primary SIC68201 — Renting and operating of Housing Association real estate
Registered office
305 Cambridge Heath Road
London
E2 9LH
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-22
Last: 2026-01-08
Officers (2 active · 4 resigned)
CUNNINGHAM, Gerard, Mr.→
Activesecretary · appointed 2008-06-12
View their other companies + combined net worth →
CUNNINGHAM, Gerard→
Activedirector · ~67y · appointed 2008-06-12
View their other companies + combined net worth →
CUNNINGHAM, Bernadette Marie→
Resigneddirector · ~56y · appointed 2008-06-12 · resigned 2021-12-31
CUNNINGHAM, Denis→
Resigneddirector · ~76y · appointed 2010-02-16 · resigned 2013-07-10
CUNNINGHAM, Sinead Louise→
Resigneddirector · ~47y · appointed 2021-12-31 · resigned 2025-12-08
SDG REGISTRARS LIMITED→
Resignedcorporate-director · appointed 2008-06-12 · resigned 2008-06-12
Click a director name to see their full track record across all companies.
Mortgages & charges
24
Total charges
3
Outstanding
2
Active lenders
Status:Lender:24 of 24 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ymca St Paul's Group (Development) Ymca St Paul's Group (Development) LTD | A registered charge | 1 property | 29/11/2023 | — | |
| outstanding | Ymca St Paul's Group (Development) Ymca St Paul's Group (Development) LTD | A registered charge | 1 property | 29/11/2023 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 2 properties | 08/02/2019 | — | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Floating charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank (The Bank) Dunbar Bank PLC (The Bank) | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 | |
| satisfied | Dunbar Bank Dunbar Bank PLC | Legal charge | 1 property | 30/10/2008 | 13/02/2016 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (110 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
accounts-with-accounts-type-small
accounts · AA
2026-01-04
termination-director-company-with-name-termination-date
officers · TM01
2025-12-11
change-account-reference-date-company-previous-extended
accounts · AA01
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-21
liquidation-receiver-cease-to-act-receiver
insolvency · RM02
2024-10-19
liquidation-receiver-cease-to-act-receiver
insolvency · RM02
2024-10-19
accounts-with-accounts-type-small
accounts · AA
2024-08-21
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2024-03-14
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2024-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-06
change-person-director-company-with-change-date
officers · CH01
2023-02-15